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Solar Power Is Already Cheaper Than Coal In Several Countries
Tuesday, January 3, 2017 - 3:51pm | 276Solar stocks have established the tendency over the years of disappointing investors. The name SunEdison still haunts investors, as one of the world's biggest solar power companies declared bankruptcy in 2016. Tesla Motors Inc (NASDAQ: TSLA)'s acquisition of its sister company SolarCity was viewed...
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Why Natural Gas Investors And Renewable Energy Investors Are Hoping For The Same Thing
Thursday, May 12, 2016 - 2:41pm | 306There are lots of clean energy investors out there who have very principled beliefs about the future of the global energy business. However, in the near term, fossil fuel investors and clean energy investors should both be hoping for the same thing: higher prices. According to Citi analyst Anthony...
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SunEdison Has Received Court Approval Of First Day Motions
Monday, April 25, 2016 - 10:30am | 167Sunedison Inc (OTC: SUNEQ) announced after Friday's market close that a U.S. Bankruptcy Court granted the relief it requested in key first day motions related to ordinary course business activities. SunEdison added that the decision includes the continuation of employee wages and benefits,...
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SunEdison's 'Acquisition Spree' Led To Its Ultimate Demise
Monday, April 25, 2016 - 7:51am | 305Sunedison Inc (OTC: SUNEQ)'s bankruptcy announcement wasn't much of a shock to many investors as the company's downfall was predicted by several analysts and industry experts. For example, Gordon Johnson of Axiom downgraded shares to Sell back in November 2015. The analyst cautioned...
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SunEdison Confirms It Has Filed For Chapter 11 Bankruptcy Reorganization
Thursday, April 21, 2016 - 10:28am | 338It was a matter of when, not if, Sunedison Inc (NYSE: SUNE) would file for bankruptcy. On Thursday, SunEdison made it official and announced that certain of its domestic and international subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code....
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UBS Expects Investors To 'Scrutinize' TerraForm Filings More Closely
Monday, April 18, 2016 - 12:12pm | 346Sunedison Inc (NYSE: SUNE) disclosed last week a presentation it made to lenders. According to UBS analyst Julien Dumoulin-Smith, SunEdison's presentation contained "multiple data points" that are relevant to TerraForm Power Inc (NASDAQ: TERP)'s stock. Dumoulin-Smith noted...
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Probes Reporter: Letter Shows TerraForm Power Was Under SEC Investigation Two Weeks Before SunEdison Disclosures
Monday, April 18, 2016 - 11:50am | 311On Monday, Probes Reporter published a new research report that confirmed TerraForm Power Inc (NASDAQ: TERP) was under an SEC investigation as of March 14, 2016, according to a letter it received from the SEC. Just over two weeks later, Sunedison Inc (NYSE: SUNE) disclosed both Department of...
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SunEdison's Bankruptcy Announcement Imminent: Report
Monday, April 18, 2016 - 9:02am | 198Reuters reported Friday evening that Sunedison Inc (NYSE: SUNE) is preparing to file for bankruptcy as soon as Sunday evening. Reuters, citing a "person familiar with the matter," suggested that the timing of the bankruptcy hasn't been finalized yet. The company already said it requires $310...
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SunEdison Discloses Lenders Presentation, Includes Line Item For Bankruptcy Expenses
Friday, April 15, 2016 - 9:17am | 206Shares of Sunedison Inc (NYSE: SUNE) were trading higher by more than 7 percent early Friday morning after the company provided in a regulatory filing an update to its bankruptcy proceedings. SunEdison and certain of its first and second lien lenders entered into a confidentiality agreement in...
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SunEdison Up 40% After Investigative Committee Determines No Material Misstatements Or Evidence Of Fraud
Thursday, April 14, 2016 - 7:34am | 293Sunedison Inc (NYSE: SUNE) reported the completion of an investigation conducted by the Board of Director's audit committee and independent directors. The investigation began in late 2015 and focused on the accuracy of the company's anticipated financial position based on allegations...
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Sunedison Reportedly Hires Skadden And Houlihan To Aid In Restructuring Debt
Tuesday, April 12, 2016 - 2:56pm | 202Sunedison Inc (NYSE: SUNE) hired Skadden, Arps, Slate, Meagher & Flom as legal adviser and Houlihan Lokey as financial adviser as the company appears to be moving forward with its bankruptcy process. Bloomberg, citing "two sources familiar with the situation," reported the company...
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TerraForm Global Completes Acquisition Of Alto Cielo Solar Farm
Monday, April 11, 2016 - 3:38pm | 187TerraForm Global Inc (NASDAQ: GLBL) announced on Friday it has closed the acquisition of the 26.4 MW capacity Alto Cielo solar plant in Uruguay for approximately $35.4 million. According to Bloomberg, TerraForm's acquisition represents something "its parent [SunEdison] has struggled to...
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Sunedison Up 80% On No New News
Tuesday, April 5, 2016 - 12:36pm | 293Shares of Sunedison Inc (NYSE: SUNE) surged higher by more than 80 percent on Tuesday, a move which may confuse some investors as the company was reported to be close to filing for bankruptcy protection. There are no notable news reports to support the move in Sunedison's stock. The only...
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Report: Sunedison May Sell Indian Assets
Monday, April 4, 2016 - 10:40am | 232Shares of Sunedison Inc (NYSE: SUNE) crashed more than 40 percent on Monday and hit a new all-time low of $0.20 after reports surfaced the company plans on filing for bankruptcy protection in the coming weeks. Facing the looming prospect of bankruptcy, Sunedison is said to have placed all of...
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Sunedison Plunges Under $1 Following Report Of SEC Probe, TerraForm Global 8K
Tuesday, March 29, 2016 - 7:32am | 322Shares of Sunedison Inc (NYSE: SUNE) plunged more than 30 percent in Tuesday's pre-market session in reaction to a Wall Street Journal report that the company is facing a Securities and Exchange Commission investigation. The Wall Street Journal, citing "people familiar with the matter...